RF Industries Announces Fiscal 2013 Results

RF Industries Ltd., a maker of cable assemblies and radio frequency connectors, reported net income of $3.8 million on net sales of $36.6 million during its fiscal 2013, which ended Oct. 31, 2013.

The company disclosed its earnings on Jan. 17. One year ago, RF Industries (Nasdaq: RFIL) reported net income of $2.6 million on net sales of $27.7 million.

For the fourth quarter, RF reported net income of $251,000 on net sales of $8.4 million. During the fourth quarter of 2012, the company reported net income of $1.2 million on net sales of $9.3 million.

The company said that during fiscal 2013, it divested its unprofitable RF Neulink and RadioMobile divisions.